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NewsDialog's 1Q profit rises 2% to RM48m
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Dialog's 1Q profit rises 2% to RM48m
by Cals Tue 19 Nov 2013, 21:34
| Dialog's 1Q profit rises 2% to RM48m |
| Business & Markets 2013 |
| Written by Jeffrey Tan of theedgemalaysia.com |
| Tuesday, 19 November 2013 18:29 |
Revenue hiked 38% y-o-y to RM575 million, from RM417 million.
In a statement to the stock exchange, the integrated oil, gas and petrochemical services provider said the higher net profit was in line with the higher revenue.
Dialog said its larger revenue was due to continuing EPCC activities at Pengerang Deepwater Petroleum Terminal in Pengerang Johor and increased plant maintenance and fabrication activities.
It also attributed the higher revenue from its international operation, where its Singapore operation revenue was up 48% due to increased E&C and plant maintenance activities.
Dialog noted the strong sales of specialist products and services in India, Thailand and Russia.
Additionally, it said increased fabrication activities in New Zealand had also contributed to the higher revenue for its international operation in the reviewed quarter.
“Looking forward, the group is now working towards securing new potential partners for subsequent phases, which include the development of more petroleum storage terminals and LNG storage terminals,” said Dialog.
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